17% of UK leather merchant companies are in financial danger
16/04/2007
According to a new report—Leather Merchants - Portfolio Analysis—published by Irish research company, Research and Markets, some 17% of UK leather merchants are in financial danger.
The revised and updated 2007 edition of the study includes data on sales growth, market share and profitability of the companies involved, analysed over a 10-year period. According to the report, some 17% of companies are now in financial danger, whilst eight companies are blatantly selling at a loss to capture market share. Average pre-tax profit was 3.7%, whilst average sales growth was -1.2%.